BA Shares valued at 55 pence!
Terrier
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Guvnor,
You are a real twit you know.
ONE broker (lehman bros) reckon BA to be worth 80p. They are always very bearish.
You didnt answer my request to know what investment qualifications you have did you?
I still suggest you have none, so shut it.
On the other hand, if like me you have passed the SFA Securities Registered Representatives exams, as well as being a fulyy joined up and authorised UK and International dealer with the London Stock Exchange, you may have reason to sound like you know what you are talking about with this matter.
Somehow, I doubt you have these qualifications, so wind your neck in please. You are a real sod at times for wasting space on these forums!
And before you ask, yes i do fly for an airline now. These were all gained in my previous job.
you are the missing link Guv, Goodbye.
You are a real twit you know.
ONE broker (lehman bros) reckon BA to be worth 80p. They are always very bearish.
You didnt answer my request to know what investment qualifications you have did you?
I still suggest you have none, so shut it.
On the other hand, if like me you have passed the SFA Securities Registered Representatives exams, as well as being a fulyy joined up and authorised UK and International dealer with the London Stock Exchange, you may have reason to sound like you know what you are talking about with this matter.
Somehow, I doubt you have these qualifications, so wind your neck in please. You are a real sod at times for wasting space on these forums!
And before you ask, yes i do fly for an airline now. These were all gained in my previous job.
you are the missing link Guv, Goodbye.
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Sounds like you didn't listen to the BBC clip I put a link to, Tailscrape!
And no, I don't have a lot of knowledge of the LSE - but does my time on the IPE back in 1990 when I was involved with creating hedging mechanisms using No 2 Oil for Jet futures (as despite strong lobbying the combined volumes of potential jet trades through the IPE, NYMEX and the CME were apparently not worth the while of those exchanges to set up a jet trading floor) worth something to you?
And no, I don't have a lot of knowledge of the LSE - but does my time on the IPE back in 1990 when I was involved with creating hedging mechanisms using No 2 Oil for Jet futures (as despite strong lobbying the combined volumes of potential jet trades through the IPE, NYMEX and the CME were apparently not worth the while of those exchanges to set up a jet trading floor) worth something to you?
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Oh please, Guv was that before or after you wrote your thesis on air transport management.
You are just soooooo BORING.
Oh and if you did know anything about futures you would have realised that it is'nt the end user or an exchange that makes a succesful contract its the speculators (Its a depth and liquidity thing).They already have enough energy contracts to play with and would'nt have needed to play with yours. If I were you I'd remain focused on spouting crap about aviation and not be tempted to spread your lack of knowledge into other fields.
You are just soooooo BORING.
Oh and if you did know anything about futures you would have realised that it is'nt the end user or an exchange that makes a succesful contract its the speculators (Its a depth and liquidity thing).They already have enough energy contracts to play with and would'nt have needed to play with yours. If I were you I'd remain focused on spouting crap about aviation and not be tempted to spread your lack of knowledge into other fields.
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Can someone disable the smilie option in 'The Guvnor' s postings?
His delight and satisfaction in the crisis facing aviation worldwide at the momnent is obvious and disturbing to say the least.
When the personal/financial security of so many is at stake, you would have thought that someone who claims to be an aviation professional would show compassion to his peers and not deride them/destroy their morale further at every given opprtunity.
(like he does).(constantly)
Sad t**t
- - - - - - - - - - - - - -
Now how long have I been online ?
His delight and satisfaction in the crisis facing aviation worldwide at the momnent is obvious and disturbing to say the least.
When the personal/financial security of so many is at stake, you would have thought that someone who claims to be an aviation professional would show compassion to his peers and not deride them/destroy their morale further at every given opprtunity.
(like he does).(constantly)
Sad t**t
- - - - - - - - - - - - - -
Now how long have I been online ?
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From today's Telegraph Questor:
You'd BA fool to board this low-flying aircraft
ROD EDDINGTON, the British Airways chief executive, used all his charm yesterday to reassure investors that there was no danger of the airline going bust.
"From survival to viability", trumpeted one slide he showed the City's planespotters, outlining the three steps to recovery: "Liquidity in place - rebuild cash flow - industry leader." If only it were that simple.
Post September 11, BA is burning towards £2 million cash a day. "No worries," said Aussie Rod: there's £3.4 billion fuel in the tank.
That includes more than £1 billion advance cash from passengers and a new £800 million loan facility, secured against about 20 aircraft. Then there's £1.5 billion of property and "investments".
As those investments are stakes in other airlines, including Qantas and Iberia, that's none too reassuring. But, if you believe BA, it has enough cash to keep airborne for at least three years, assuming things don't get worse.
That's hardly a reason to buy the shares, however, which yesterday fell 1.25 to 154p. Mr Eddington envisages a "prolonged" downturn, while his joint broker Merrill Lynch reckons it will lose £775 million this year and could fail to turn a profit before 2005.
Its strategy of chasing front-of-cabin traffic bound for America has turned the airline into an option on the US economy. Sure, BA's yields went up by 6.1 per cent in the second quarter - its busiest - but that's not much help if operating profits fall 73 per cent to £72 million.
Moreover, while Mr Eddington focuses on cutting costs and preserving cash, the likes of Ryanair and Easyjet plan to make hay - Ryanair's operating margins are currently nine times BA's.
BA will recover one day. But one reason the shares are trading below the group's 220p net asset value is that the market has not ruled out a deeply discounted rights issue. With no dividend to soften the pain, the shares are best avoided for now.
ROD EDDINGTON, the British Airways chief executive, used all his charm yesterday to reassure investors that there was no danger of the airline going bust.
"From survival to viability", trumpeted one slide he showed the City's planespotters, outlining the three steps to recovery: "Liquidity in place - rebuild cash flow - industry leader." If only it were that simple.
Post September 11, BA is burning towards £2 million cash a day. "No worries," said Aussie Rod: there's £3.4 billion fuel in the tank.
That includes more than £1 billion advance cash from passengers and a new £800 million loan facility, secured against about 20 aircraft. Then there's £1.5 billion of property and "investments".
As those investments are stakes in other airlines, including Qantas and Iberia, that's none too reassuring. But, if you believe BA, it has enough cash to keep airborne for at least three years, assuming things don't get worse.
That's hardly a reason to buy the shares, however, which yesterday fell 1.25 to 154p. Mr Eddington envisages a "prolonged" downturn, while his joint broker Merrill Lynch reckons it will lose £775 million this year and could fail to turn a profit before 2005.
Its strategy of chasing front-of-cabin traffic bound for America has turned the airline into an option on the US economy. Sure, BA's yields went up by 6.1 per cent in the second quarter - its busiest - but that's not much help if operating profits fall 73 per cent to £72 million.
Moreover, while Mr Eddington focuses on cutting costs and preserving cash, the likes of Ryanair and Easyjet plan to make hay - Ryanair's operating margins are currently nine times BA's.
BA will recover one day. But one reason the shares are trading below the group's 220p net asset value is that the market has not ruled out a deeply discounted rights issue. With no dividend to soften the pain, the shares are best avoided for now.
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Why in Gods name have you chosen to use this boards valuable (and expensive) resources to post pictures that are in every single bloody newspaper I've read today!!!!
You're sooooo BORING.
You're sooooo BORING.
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Why does guvnor and one or two keep comparing BA with low cost operators. Yes they have to compete in Europe against them but in the wider world?
Also I read on teletext that although easy carried more pax this year their load figures actually went down to just over 82%.
Seeing as how easy and ryanair are expanding (more a/c more routes) it's not that remarkable that the number of pax they carry has gone up, but maybe their load fiqures have gone down.
I thought the low cost operators had to have fairly full a/c to make any money. All of the airlines seem to be doing the usual with their statistics.
Standing by to be informed otherwise
Also I read on teletext that although easy carried more pax this year their load figures actually went down to just over 82%.
Seeing as how easy and ryanair are expanding (more a/c more routes) it's not that remarkable that the number of pax they carry has gone up, but maybe their load fiqures have gone down.
I thought the low cost operators had to have fairly full a/c to make any money. All of the airlines seem to be doing the usual with their statistics.
Standing by to be informed otherwise
Terrier
Join Date: Dec 1999
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Your experience is not relative Guv, because as you point out yourself, it wasn't even up to being accepted practice.
I decided to take you advice Guv. I really think BA are going to 55p. Therefore I sold them short a while ago today. And guess what? They still keep going up!
About 160p now they are. Still, only another £1.05 to drop before I can pat you on the back and take you out for lunch for giving me such fantastic investment strategies to punt in.........
Go away.
I decided to take you advice Guv. I really think BA are going to 55p. Therefore I sold them short a while ago today. And guess what? They still keep going up!
About 160p now they are. Still, only another £1.05 to drop before I can pat you on the back and take you out for lunch for giving me such fantastic investment strategies to punt in.........
Go away.
Join Date: Oct 1999
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08/11/2001
BR.AIRWAYS ORD 25P
ask price 181.00
bid price 178.75
close price 180.25
last trade price 180.25
open price 160.75
sales volume 33,379,901
Change since "The Guvnor" posted his pearl of wisdom -
UP 28.3%
I sincerely believe you are Mike O'Leary the way you prattle on
[ 08 November 2001: Message edited by: Magnus Picus ]
BR.AIRWAYS ORD 25P
ask price 181.00
bid price 178.75
close price 180.25
last trade price 180.25
open price 160.75
sales volume 33,379,901
Change since "The Guvnor" posted his pearl of wisdom -
UP 28.3%
I sincerely believe you are Mike O'Leary the way you prattle on
[ 08 November 2001: Message edited by: Magnus Picus ]
